Urbana, Illinois is a small city with a population of slightly more than 42,000. There are plenty of peers for young adults (15-24), who account for a larger portion of the population here (42%) than nationally (14%), while middle-aged professionals appear in smaller numbers. At an average age of just over 32, the city's population is notably younger than most cities in Illinois. Most Urbana residents rent, and 39% of residents are homeowners, driven in part by a relatively affordable average rent that is $158 per month lower than the state average. Over the course of a year, renters in Urbana will save around $1,900 compared to the state average.
Averaging about 18 minutes, Urbana's commute time outperforms the Illinois average of about 32 minutes. Driving a car or truck is the prevailing means of commuting to work, chosen by 27% of workers, while public transportation isn't widely used. A small percentage of residents (7%) walk to work, though the number is much greater than the national average.
Compared to the national average (7%), Urbana has a high concentration of residents over the age of 25 who have advanced degrees, as 13% possess a Master's degree or a Doctorate. Additionally, 11% have earned a Bachelor's degree. There are two primary industries in Urbana: education and entertainment. Combined, these industries account for 24% of the city's labor force. Urbana workers earn an average annual income of around $52K, less than the average Illinois resident. The city's average income also trails the national average ($73,345).
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